Business & Real Estate

Business Briefs: Manresa Bread introduces bagel day, city examines sales tax revenue report


Megan V. Winslow/Town Crier
Manresa Bread is slated to host Bagel Day on Tuesdays until supplies run out.

Manresa Bread serves up Bagel Day

Manresa Bread has introduced a weekly Bagel Day to its menu at 271 State St. in downtown Los Altos.

Bagels made with gluten-free flour are featured every Tuesday until supplies run out. Four options are available: plain, sesame, everything and cinnamon raisin. Bagels are priced at $4 each, or $5 with schmear.

For more information, visit manresabread.com.

Los Altos follows trend of lower sales-tax revenue

A report from consultants who prepare quarterly sales-tax newsletters for the city of Los Altos revealed recently that Los Altos is one of several Bay Area cities that experienced a drop in sales-tax revenue in the third quarter of 2019 compared with the same quarter in 2018.

Economic development coordinator Anthony Carnesecca called the development “fascinating,” adding that sales tax is an interesting concept to analyze.

“It provides some context for the amount of production in a given area, but there are definitely some other aspects to sales tax that make it a bit more complicated than looking at whether the number goes up or down from quarter to quarter,” he said in an email to the Town Crier.

Gross receipts encompassing point-of-sale, county and state pool taxes dropped approximately $220,000 in 2019 from the year prior, with point-of-sale taxes showing the biggest dip. Restaurants and hotels drove the highest amount of revenue.

Los Altos’ top 25 sales-tax producers, including BevMo and Draeger’s Market, and top 15 business types, such as casual dining and service stations, are listed in the newsletter, with some information withheld because of confidentiality issues.

The city anticipates receiving details for the final fiscal quarter of 2019 in either April or May.

For more information on the revenue report, visit bit.ly/2Vr2YSq.

– Melissa Hartman

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